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Avoiding HSA Pitfalls
Health Savings Accounts

Keeping organized is important in the event you have an issue with your health insurance carrier, or if you are involved with an IRS audit.

  1. Save all receipts! Start a large envelope for each plan year. Organize them by those expenses that can be applied to your deductible, and those that are qualified expenses but are not accepted by your health insurance carrier

  2. Keep track of your deductible so you know your health insurance exposure

  3. Make sure prescription drugs are getting applied to your deductible; some plans do not apply them automatically

  4. Get HSA checks that look different than your personal checking account

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Avoiding HSA Pitfalls :: Health Savings Accounts
Health Savings Account for Chicago, Illinois by employee benefits specialist, Benefits Age.
Offers solutions to solve employee benefits problems. Provides employee health insurance,
dental insurance, life insurance, disability, voluntary insurance and health savings accounts - HSA.